Listed by SVN Innovative Commercial Advisors
$130,000
12.5 Franklin St
Details
APN 144.73-1-6
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,848
Units 2
Beds 4
Cap Rate 12.00%
NOI $25,200
Occupancy 100%
Tenancy Multi
Year Built 1900
Acreage 0.050
Zoning Res one & Res two
Investment Type Stabilized
Multifamily | 12.00% CAP | 2 Units
Marketing description
Investor opportunity in a convenient Binghamton location with easy access to NY-17/I-86 and Front Street. This fully occupied 2-unit property features two 2-bedroom apartments, each rented at $1,050 per month, providing immediate and stable cash flow from day one. With a current cap rate of approximately 12.3%, this property offers strong returns for both new and seasoned investors. The property includes separate heating systems, with one furnace located in the attic. A straightforward investment with solid income, strong cash flow, and a desirable location close to major transportation routes, shopping, and employment centers.
Investment highlights
- Investor opportunity in a convenient Binghamton location with easy access to NY-17/I-86 and Front Street
- Fully occupied 2-unit property features two 2-bedroom apartments, each rented at $1,050 per month
- Providing immediate and stable cash flow from day one
- Current cap rate of approximately 12.3%
- Strong returns for both new and seasoned investors
- Separate heating systems, with one furnace located in the attic
- Straightforward investment with solid income, strong cash flow
- Desirable location close to major transportation routes, shopping, and employment centers
Listing Contacts
Listed by SVN Innovative Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$25,200.00
$2,100.00/mo
Valuation Metrics
0
DSCR
19.38%
Cap Rate
19.38%
ROI
Map
Zoning
R-2 ResidentialTwo FamilyResidential One And Two Unit Dwelling
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View all 10 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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